The Current Grayslake Market
As of the June 29, 2019, the median home value in Grayslake is $217,200. Grayslake home values have gone up 1.5% over the past year and are predicted to rise 1.0% within the next year. The median list price per square foot in Grayslake is $125, which is lower than the Chicago-Naperville-Elgin Metro average of $171. The median price of homes currently listed in Grayslake is $239,900.
The percent of delinquent mortgages in Grayslake is 0.7%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Grayslake homeowners underwater on their mortgage is 10.0%, which is lower than Chicago-Naperville-Elgin Metro at 13.5%.
Source: Zillow